Rupiah News: Rupiah Strengthens Fluctuatively Against US Dollar Today

rupiah and us dollar

The latest news regarding the exchange rate of the Rupiah against the US Dollar today indicates the strengthening of the rupiah. It is predicted that the rupiah exchange rate could advance to the positive zone on Tuesday (22/2).

Director of TRFX Garuda Futures Ibrahim Ascustombi said, today the rupiah may be open to fluctuate but closed higher in the range of Rp. 14,300 – Rp. 14,350 per US dollar.

Furthermore, foreign sentiment also affects currency exchange rates. For example, the conflict between Russia and Ukraine became a negative sentiment driving the US dollar. Earlier, US President Joe Biden said an invasion could come.

In his daily research, quoted Tuesday (22/2/2022), he said, “In addition, currency market players are also focusing on central bank policy, looking for clues about the speed and size of interest rate hikes in key markets,” he said.

On the other hand, news from within the country, Bank Indonesia reported that Indonesia’s balance of payments (BOP) in 2021 recorded a high surplus of US$13.5 billion or around Rp. 193 trillion.

According to Ibrahim, the surplus was significantly higher than the surplus in the previous year of US$2.6 billion, thus supporting the resilience of Indonesia’s external sector.

Referring to the fourth quarter of 2021, the BOP recorded a low deficit of US$ 0.8 billion, supported by a continuing current account surplus, while the capital and financial account recorded a deficit.

Moreover, BI also noted that the position of foreign exchange reserves at the end of December 2021 increased to US$144.9 billion. Equivalent to finance 7.8 months of imports and government external debt and is above international adequacy standards.

Yesterday (21/2/2022), based on Bloomberg data, Garuda’s currency closed stagnant or 0.00 percent to the position of Rp. 14,327 per US dollar. Meanwhile, the US dollar index at 15:10 WIB was observed to have weakened by 0.32 percent or 0.3040 points to a level of 95.739.